RBIFor: Business, Investor
NBFC credit grows 15.4% in September 2026, retail loans lead
RBI's sectoral data shows NBFC credit up 15.4 per cent year on year, with retail loans up 21.9 per cent. Industry credit slowed to 7.4 per cent, so borrowing conditions differ sharply by sector.
Summary by TaxSavvy. Read the official notice.
Read the official notice (opens RBI press releases in a new tab)In short: FPAC
- Facts
- RBI released sectoral deployment of credit by NBFCs for September 2026: overall credit growth 15.4 per cent y-o-y against 13.3 per cent a year ago.
- Provisions and law
- RBI Press Release 2026-2027/1461 dated Nov 06, 2026, based on provisional data from NBFCs in Upper and Middle Layers and HFCs, about 87 per cent of total credit as per RTP 2024-25.
- Analysis
- Agriculture credit grew 17.8 per cent and retail 21.9 per cent, led by housing loans, loans against gold jewellery and vehicle loans, while industry slowed to 7.4 per cent and services moderated to 17.3 per cent.
- Conclusion
- NBFC lending is tilting towards retail and agriculture, while industry and infrastructure borrowers face a tighter flow.
What to do
- InformationCheck which sector your business or loan falls in and how NBFC credit flow there is trending.
- DiscussionDiscuss with your CA whether an NBFC or a bank is the better route for your next borrowing.
Steps follow IDFD: Information, Discussion, Forms, Deliverables.
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See the serviceOfficial source: RBI press releases, “Sectoral Deployment of Credit by NBFC – September 2026”. This summary is general information, not advice for your case. The official notice is the final word.